Greece's Syriza Spars Over Bailout Strategy

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Marcus Walker and Nektaria Stamouli ATHENS--Greek leader Alexis Tsipras pursued both compromise and confrontation with his country's creditors on Wednesday while his government's rival factions fought over how, and whether, to keep Greece in the euro. The embattled prime ...

Puerto Rico's Wages Are Linked to Its Job Woes

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Nick Timiraos in Washington and Ana Campoy in San Juan, Puerto Rico Puerto Rico's long-simmering debt crisis owes much to an economy that has been shedding jobs for years. And blame for that, economists say, stems in part from ...

Puerto Rico's Wages Are No Benefit to Its Economy

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Nick Timiraos in Washington and Ana Campoy in San Juan, Puerto Rico Puerto Rico's long-simmering debt crisis owes much to an economy that has been shedding jobs for years. And blame for that, economists say, stems in part from ...

Ukraine Looks to Privatization to Counter Budget Woes

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Laura Mills SHOVKOVE, Ukraine--In his 50 years at the state farm here, Volodymyr Polutskiy says his work has dwindled from producing silk for Red Army parachutes to eking out a living chopping wood and growing wheat. Now, Ukraine's government ...

Moody's Further Downgrades Puerto Rico's Bonds

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Maria Armental Moody's Investors Service on Wednesday cut Puerto Rico's ratings one notch further into junk territory, citing the commonwealth's declaration that it cannot pay its debt. Gov. Alejandro García Padilla said in a speech Monday that Puerto Rico's ...

Australia Trade Deficit Narrows

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Ross Kelly SYDNEY--Australia's trade deficit narrowed in May as capital-goods imports fell while the value of raw-material exports, including iron ore, increased. The nation posted a seasonally adjusted trade deficit of A$2.75 billion, compared with a record A$4.14 billion ...

Molycorp Lines Up New Bankruptcy Loan from Oaktree

TODAY: July 2, 2015 PUB DATE: July 2, 2015

In an about-face, Molycorp Inc. has chosen bankruptcy financing from top-ranking lender Oaktree Capital Group LLC over a competing offer from secured bondholders, setting off a new round of court fights. Oaktree's proposed loan is linked to the proposed sale ...

European Stocks Up Slightly

TODAY: July 2, 2015 PUB DATE: July 2, 2015

European stocks edged higher Thursday, with investors still nervously watching Greece's negotiations with its creditors. The Stoxx Europe 600 was up 0.1% in early trade. The index rose 1.5% on Wednesday after Greek Prime Minister Alexis Tsipras pitched a compromise ...

European Stocks Up Slightly

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Tommy Stubbington European stocks edged higher Thursday, with investors still nervously watching Greece's negotiations with its creditors. The Stoxx Europe 600 was up 0.1% in early trade. The index rose 1.5% on Wednesday after Greek Prime Minister Alexis Tsipras ...

Xiaomi's Smartphone Sales Slow in First Half

TODAY: July 2, 2015 PUB DATE: July 2, 2015

BEIJING?Chinese smartphone maker Xiaomi Corp. showed signs of slowing growth Thursday, as it announced smartphone sales of 34.7 million units in the first half of the year, less than half its full-year target. Xiaomi faces a challenging year as China's ...

German June New Car Registrations Up 13% On Year - VDA

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Ilka Kopplin and Neetha Mahadevan FRANKFURT--New car registrations in Germany in June rose 13% on the year, despite signs of a slowdown in global markets. New car registrations, a mirror for sales, hit 313,600 in Europe's largest car market ...

Dollar Weakens on Slightly Disappointing U.S. Jobs Data

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By James Ramage The dollar stumbled against the euro and the yen Thursday after U.S. data indicated the labor market's gains remain uneven, further denting investors' expectations for higher interest rates by September. The dollar declined against the common currency, ...

European Stocks Steady Amid Greece Uncertainty -- 3rd Update

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Tommy Stubbington European stocks swung between small gains and losses Thursday, with investors nervously watching the situation in Greece. The Stoxx Europe 600 was up 0.1% early afternoon. The index rose 1.5% on Wednesday after Greek Prime Minister Alexis ...

Anthem, Cigna Rekindle Merger Talks --Update

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Dana Mattioli Health insurers Anthem Inc. and Cigna Corp. are in talks to combine after Cigna last month spurned a $47.5 billion takeover from Anthem, according to a person familiar with the matter. Representatives of the companies met Friday ...

U.S. Jobless Claims Rise to 281,000

TODAY: July 2, 2015 PUB DATE: July 2, 2015

WASHINGTON?The number of Americans filing new claims for jobless benefits rose last week, but the level remains historically low. Initial jobless claims, a proxy for layoffs across the U.S. economy, increased by 10,000 to a seasonally adjusted 281,000 in the ...

U.S. Jobs-Summary - Jul 2

TODAY: July 2, 2015 PUB DATE: July 2, 2015

Employment and labor force changes in thousands. Workweek and overtime in hours, and earnings in dollars. All data seasonally adjusted. NOTE: Data reflect the conversion to the 2012 version of the North American Industry Classification System (NAICS) as tabulation basis. ...

Germany's K+S Rejects Takeover Offer From Potash

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Sarah Sloat FRANKFURT--German salt and fertilizer company K+S AG on Thursday rejected a takeover approach worth EUR7.85 billion ($8.75 billion) by rival Potash Corp. of Saskatchewan, saying the proposal undervalued the company. "The proposed transaction does not reflect the ...

Energizer Initiates Dividend, Boosts Buybacks After Spinoff

TODAY: July 2, 2015 PUB DATE: July 2, 2015

Energizer Holdings Inc., fresh from spinning off its personal-products business, has declared a first-time 25 cent dividend and approved the repurchase of an additional 7.5 million shares of common stock. The dividend will cost Energizer about $15.5 million a quarter. ...

Germany's K+S Rejects EUR7.85 Billion Takeover Offer From Potash

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Sarah Sloat FRANKFURT--German salt and fertilizer company K+S AG (SDE.XE) on Thursday rejected a takeover approach worth 7.85 billion euros ($8.75 billion) by rival Potash Corp. of Saskatchewan (POT) saying the proposal undervalued the company. "The proposed transaction does ...